Marcus & Millichap Arranges the Sale of a 7-Eleven Anchored Strip Center

Marcus & Millichap announced the sale of a 4,840 square-foot 7-Eleven Anchored Strip Center.LAS VEGAS, NV – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, announced the sale of 7-Eleven Anchored Strip Center, a 4,840 square-foot retail property located in Las Vegas, NV, according to Justin C. White, regional manager of the firm’s Las Vegas office. The asset sold for $830,000.

Dustin R. Alvino, an investment specialist in Marcus & Millichap’s Las Vegas office, had the exclusive listing to market the property on behalf of the seller, an individual/personal trust.The buyer, a private investor, was also secured by Dustin R. Alvino. Dustin R. Alvino commented, “I was able to generate 11 offers within one week. The potential buyers were from across the country on this deal because of my extensive database and our nationwide platform.  The buyer of this asset did not own real estate in the Las Vegas market which is why it is important to work with a national firm when selling your commercial real estate.”

7-Eleven Anchored Strip Center is located at 4950 West Charleston Boulevard in Las Vegas, NV. The property has boasted 100 percent occupancy since the current seller developed it. The property is situated just off the corner of Decatur Boulevard and West Charleston Boulevard. The center is a four tenant, 4,840 square foot neighborhood center that is comprised of a strong tenant mix. The property features 7-Eleven, a boutique hair salon, a barber shop as well as a dry cleaners.

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About Marcus & Millichap (NYSE: MMI)

With over 1,300 investment professionals located throughout the United States and Canada, Marcus & Millichap is a leading specialist in commercial real estate investment sales, financing, research and advisory services. Founded in 1971, the firm closed over 6,600 transactions in 2013 with a value of approximately $24 billion. The company has perfected a powerful system for marketing properties that combines investment specialization, local market expertise, the industry’s most comprehensive research, state-of-the-art technology, and relationships with the largest pool of qualified investors. To learn more, please visit: www.MarcusMillichap.com

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